[The following information applies to the questions displayed below.]
Shown below is information relating to the stockholders' equity of Grant Corporation at December 31,2018:
Dividends have been declared and paid for 2018.
-The book value per share of common stock is:

Question

[The following information applies to the questions displayed below.]
Shown below is information relating to the stockholders' equity of Grant Corporation at December 31,2018:
  Dividends have been declared and paid for 2018.
-The book value per share of common stock is:

Quizplus · Accepted Answer

To calculate the book value per share of common stock, we divide the total stockholders' equity by the number of common shares outstanding. Using the information given, we can calculate:
Total stockholders' equity = $912,000 + $330,000 + $4,560,000 = $5,802,000
Number of common shares outstanding = 440,000
Book value per share of common stock = $5,802,000 / 440,000 = $13.17. Therefore, the correct answer is B.

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